The vicious circle of poverty in the poorest DVCs can also be expressed as,

A) "The rich get richer, while the poor get poorer."
B) "Fate dealt the poor nations a bad hand."
C) "The poor nations stay poor because they are poor."
D) "Historical developments have oppressed the poor nations' incomes."

Services provided that have not been recorded.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these

The sale of a used 1999 automobile in 2009 would not be included in 2009 GDP because it

A) is a nonmarket transaction.
B) would involve double counting.
C) has already been accounted for.
D) is a noninvestment transaction.

Disputed Ring.While working in the yard,Tina found a beat-up ring.Becca,an eighteen-year old neighbor,came over to visit and liked the ring.Tina said,"You can have this old thing if you would like." Becca replied,"I really like it - Maybe it's a real diamond!" Tina laughingly told her that there was a one in a billion chance of that and that Tina was more likely to win the lottery.A few months later Becca ran over to Tina's house and told Tina that the ring was actually a diamond worth thousands of dollars! Becca gave Tina the ring to examine.Tina put it in her pocket and told Becca that she would never have given it to her if she had realized its value and that possession was back where it had always belonged.Tina also told Becca that Becca failed to legally accept the gift because she did not know its true value and also because Tina did not sign any document turning over title.Becca sues.Which of the following is true regarding Tina's statement that she was entitled to the ring because she would not have given it to Becca if she had known the true value?

A) Tina is entitled to ownership of the ring,but only if she can prove that she did not realize its true value.
B) Tina is entitled to ownership of the ring,but only if she can prove that she did not realize its true value and that there was a difference of at least $1,000 between what she believed the value to be and its true value.
C) Tina is entitled to ownership of the ring,but only if she can prove that she did not realize its true value and that there was a difference of at least $10,000 between what she believed the value to be and its true value.
D) Tina is entitled to ownership of the ring,but only because neither she nor Becca realized its true value.
E) Being ignorant of the value of the ring does not entitle Tina to ownership of it.

Suppose that M doubles and PQ remains the same.In that case we know that V

A) fell by 100%.
B) fell by 50%.
C) stayed the same.
D) rose by 50%.
E) rose by 100%.

Haney Fabrication is a division of a major corporation. Last year the division had total sales of $21,560,000, net operating income of $1,897,280, and average operating assets of $7,000,000. The company's minimum required rate of return is 16%.Required:What is the division's return on investment (ROI)?